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BRAZIL: Construction plans for proposed $500,000,000 to $600,000,000 steel manufacturing capacity expansion project could also include building 3 to 4 million ton per year slab mill, ARCELOR BRASIL [Brazil/Netherlands] Order #: 108506.

Publication: WWP-Business Opportunities in Latin America & the Caribbean
Publication Date: 01-OCT-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

The local ARCELOR BRASIL, a subsidiary of Netherlands-based ARCELOR MITTAL, currently operates a steel plant in Minas Gerais state, known as Joao Monlevade, that has an installed production capacity of 1.2 million tons per year (t/y) of long steel. However, according to...

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...Jose Armando de F. Campos, ARCELOR BRASIL CEO & Director (Flat Steel Division), his company is now gearing-up to double its production ouput.

As things currently stand, the upgrade project is still not yet defined since it must still be approved by the parent company. If the project goes ahead as envisioned it is expected to require an invesment ranging between $500,000,000 to $600,000,000 to complete.

Meanwhile ARCELOR BRASIL is also studying plans to build a new slab plant in the country's Espirito Santo state. The company, for...

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